27 June, 2022


World Economic Forum Ends On Warning Note Over ‘Complacency’

The World Economic Forum’s annual meeting broke up on Saturday night amid warnings that attendees were too relaxed and optimistic about the state of the global economy, the Guardian reports.

The newspaper reports; Delegates left the congress centre in Davos with the words of Axel Weber, chairman of Swiss bank UBS, ringing in their ears. “In my view the mood [at Davos] borders on complacency,” Weber said. “The mood has been good, in brackets too good to be true.”

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